ATLANTA--(BUSINESS WIRE)--
Cousins Properties Incorporated (NYSE: CUZ) announced today that James
A. Fleming, the Company’s Executive Vice President and Chief Financial
Officer, will retire on December 31, 2010. Mr. Fleming has been with
Cousins since 2001. Prior to becoming EVP and CFO in May 2004, he served
as Senior Vice President and General Counsel. He has agreed to serve as
a consultant to the Company after January 1, 2011, to help facilitate a
smooth transition to his successor.
Larry Gellerstedt, Cousins President and Chief Executive Officer, noted,
“Jim will certainly be missed, but we respect his desire to retire at
year end and pursue other opportunities. He has played a meaningful role
in strengthening Cousins’ financial position, particularly in leading us
through the past year’s capital markets transactions. We thank Jim for
his contributions and leadership over the past decade and his
willingness to stay on and effect the eventual transition.”
Mr. Fleming added, “I have had a terrific experience at Cousins, but
after 10 years I’m looking forward to exploring some new opportunities.
I’m confident that under Larry’s leadership, and with his talented team,
the Company is well positioned for success in the years ahead.”
The Company will immediately begin a search for a successor CFO and has
retained an executive search firm to assist in that effort.
About Cousins Properties
Cousins Properties Incorporated is a leading diversified real estate
company with extensive experience in development, acquisition,
financing, management and leasing. Based in Atlanta, the Company
actively invests in office, multi-family, retail and land development
projects. Since its founding in 1958, Cousins has developed 20 million
square feet of office space, 20 million square feet of retail space,
more than 3,500 multi-family units and more than 60 single-family
neighborhoods. The Company is a fully integrated equity real estate
investment trust (REIT) and trades on the New York Stock Exchange under
the symbol CUZ. For more, please visit www.cousinsproperties.com.
Certain matters discussed in this press release are forward-looking
statements within the meaning of the federal securities laws and are
subject to uncertainties and risk and actual results may differ
materially from projections. Readers should carefully review Cousins’
financial statements and notes thereto, as well as the risk factors
described in Part I, Item 1A of the Company’s Annual Report on Form 10-K
for the year ended December 31, 2009 and other documents Cousins files
from time to time with the Securities and Exchange Commission. Such
forward-looking statements are based on current expectations and speak
as of the date of such statements. The Company undertakes no obligation
to publicly update or revise any forward-looking statement, whether as a
result of future events, new information or otherwise.
Source: Cousins Properties Incorporated
Contact:
Cousins Properties Incorporated
Cameron Golden
Director of
Investor Relations/Corporate Communications
404-407-1984
CameronGolden@cousinsproperties.com
www.cousinsproperties.com